5-Year Financial Plan 2021-2025

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The 2021-2025 Five Year Financial Plan was adopted on March 5, 2021, so the public consultation has ended for this year.  If you have questions about the budget, how it impacts your taxes, or services you are paying for, please contact our Financial Services Department at any time. We are happy to help answer your questions!

The 5-Year Financial Plan was adopted by the RDEK Board on Friday, March 5th. You can see the adopted plan under the Financial Plan Documents section. (Note: the document is bookmarked, you just have to ensure your browser's bookmarks are open. To open them, look for an icon in the top right hand corner of the document and ensure all drop-down menus are open (they are marked with a sideways triangle).)

The Financial plan is a complex document and to help break it down, we have also prepared a "snapshot" that provides a summary overview of the adopted plan. It is posted in the Financial Plan Documents section.

One of the tricky parts about communicating (and understanding) the Financial Plan lies in the way Regional Districts work. Unlike a municipality that has one boundary and one set of taxpayers (where everyone within the municipal boundaries pays), Regional Districts in BC are based on service areas. So, for every one of the more than 100 services we offer, there is a boundary for that service area, and everyone within the service area pays for (and receives the benefit of) that service. What that means is that we have over 100 different “boundaries” with over 100 different sets of taxpayers. SO, WHAT DOES THAT HAVE TO DO WITH THE BUDGET?

Well, how the budget will impact you depends entirely on what part of the RDEK you live/own property in and what combination of services are offered there. For example, if you live in Electoral Area C everyone will pay the same rate for the line item on their tax notice called “Reg Dist East Kootenay”, but people living in Gold Creek will also be paying for Cranbrook Rural Fire Protection. At the same time, people in Moyie (which is also in Area C) don't have fire protection, but they pay a different line item for Moyie Water.

If you would like to find out how all of this impacts you, you can also call our Chief Financial Officer and she can provide you with specifics. Our staff are happy to answer your questions related to RDEK services and how they impact you all year-round. So, if you have questions, please let us know.

The 5-Year Financial Plan was adopted by the RDEK Board on Friday, March 5th. You can see the adopted plan under the Financial Plan Documents section. (Note: the document is bookmarked, you just have to ensure your browser's bookmarks are open. To open them, look for an icon in the top right hand corner of the document and ensure all drop-down menus are open (they are marked with a sideways triangle).)

The Financial plan is a complex document and to help break it down, we have also prepared a "snapshot" that provides a summary overview of the adopted plan. It is posted in the Financial Plan Documents section.

One of the tricky parts about communicating (and understanding) the Financial Plan lies in the way Regional Districts work. Unlike a municipality that has one boundary and one set of taxpayers (where everyone within the municipal boundaries pays), Regional Districts in BC are based on service areas. So, for every one of the more than 100 services we offer, there is a boundary for that service area, and everyone within the service area pays for (and receives the benefit of) that service. What that means is that we have over 100 different “boundaries” with over 100 different sets of taxpayers. SO, WHAT DOES THAT HAVE TO DO WITH THE BUDGET?

Well, how the budget will impact you depends entirely on what part of the RDEK you live/own property in and what combination of services are offered there. For example, if you live in Electoral Area C everyone will pay the same rate for the line item on their tax notice called “Reg Dist East Kootenay”, but people living in Gold Creek will also be paying for Cranbrook Rural Fire Protection. At the same time, people in Moyie (which is also in Area C) don't have fire protection, but they pay a different line item for Moyie Water.

If you would like to find out how all of this impacts you, you can also call our Chief Financial Officer and she can provide you with specifics. Our staff are happy to answer your questions related to RDEK services and how they impact you all year-round. So, if you have questions, please let us know.

The 2021-2025 Five Year Financial Plan was adopted on March 5, 2021, so the public consultation has ended for this year.  If you have questions about the budget, how it impacts your taxes, or services you are paying for, please contact our Financial Services Department at any time. We are happy to help answer your questions!

  • Regional District Draft 5-Year Financial Plan Open for Review

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    The Regional District of East Kootenay Board of Directors is seeking public comment on its draft five-year financial plan.

    “The RDEK Board has completed its first review of the Financial Plan and it has now been posted for the public to look over and comment on,” explains RDEK Board Chair Rob Gay. “In addition to the public comment period, RDEK staff will continue to meet with Directors, other municipalities, and various commissions over the coming weeks to gather additional input on the draft plan.”

    The Financial Plan lays out how tax dollars are being spent on the more than 100 services offered in the RDEK. There are a number of items of note in this year’s budget, including capital projects such as upgrades to the Windermere Water distribution system, the Hill Road dike project in Area A, Phase 1 construction on the Cold Spring Creek Debris Flow Mitigation Project, South Country Aquifer/Elko Sinkholes Project, a new cell at the Central Subregion Landfill, renovations to the Hosmer Fire Hall, and Phase 1 of the regional organics composting project to establish a composting facility in each of the RDEK’s three subregions.

    The draft 2021 operating budget proposes a 3.21% increase over last year, which works out to approximately $9 on an average $379,000 residential assessment. This includes a reduction of 1.6% from the offset of new assessments in the region. It is important to remember in the RDEK model, municipalities and electoral areas are all affected differently depending which RDEK services they receive. The 2021 operating budget is $37.7 million and the capital budget is just over $13 million.

    “Every year our Board and staff work hard to ensure we are striking a balance between providing quality services to our residents and being mindful of the tax impacts. During this pandemic, there is some uncertainty in terms of what service delivery will look like for 2021, so that has added an additional challenge for us this year,” adds Gay. “I’d like to acknowledge the hard work that has gone into this draft plan. I believe it strikes a good balance and we are looking forward to hearing the public’s thoughts.” The public comment period is open until 9:00 AM on Monday, March 1, 2021.

    Copies of the plan and comment forms are available on engage.rdek.bc.ca/financialplan and by request through its Cranbrook and Columbia Valley offices. The RDEK will be posting a budget “snapshot” early next week that provides a condensed overview.

    The 5-Year Financial Plan is expected to be adopted at the March 5 Board Meeting.

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